CNBC Illegal Gambling

[cheetahwind]

So anyways I just got done watching CNBC's special about online gambling.
I must say some of the topics brought up on there yes I could see why there illegal. For example cock fights and dog fighting I personally think really shouldn't be seen a total forms of entertainment.
Yet they then brought up online gaming. They used screen shots from a few well known casinos. Such as Rushmore, a Vegas Tech Casino, and even an MGS casino.
Yet the only thing they wanted to show Americans was the crooked side of gambling. Such as the scam brought out by Ultimate Bet and Absolute Poker.
Yes I will agree there isn't anyway to tell each time we hit the spin button or the new hand button. There really isn't anyway to tell if were actually getting dealt a fair game each time, but at least if they have there RNG's audited and we have such places such as Casinomeister. We can actually trust a few out there. Even if there bending the laws and saying we can accept US Players.
I mean at least when I want to get paid by such places such as Jackpot Capital, iNetBet, Cherry Red and Casino Titan we can trust. That once our documents have been approved that we can see our payout in less than 48 hours. If were getting something such as a check or a wire it might take a bit longer, but at least we know were getting it.
Yet the only other point they wanted to bring up is it's taking billions out of economy. Actually in my opinion if we win, it helps our economy. Yet if we loose yes were supporting someone else, but at least it's to someone we can trust.
So in my opinion really CNBC didn't really give the online casino industry a fair trial. They didn't mention that there are places you can go to. To find a fair casino and actually have a chance on winning.
So anyways, I know this might sound like a rant, which is pretty much is, but it really kind of ticked me off that they really categorized the whole online industry as totally sketchy and illegal. When in fact because of a handful of operators the whole industry has gotten a bad rap they didn't need.
I really hope that the online gaming industry does get recognized here soon in the US as a profitable business. As something that really isn't so scammy as people see it. Yet until that point comes you'll get ignorant people like CNBC plastering the air waves with how bad it is. Just because of Ultimate Bet and Absolute Poker.
Thank you Casinomeister for at least providing us a place that we can actually trust casinos and there operators. With at least something 3rd party help if we can get it.
Here's the link to the web site if anyone wants to read parts of what they were talking about.
http://illegalgambling.cnbc.com/
Eventually if I can find the special and anyone wants to see it. They can PM me and I'll let them know as soon as I find it.

[Peter-Jan]

Fully agree with your 'rant'.

The more the media report on things directly related to your life and experiences, the more you realize it's all hot air which should be considered (bad) entertainment at best.

[4 of a kind]

The sad part about that episode on CNBC is all the negativity caused by a handful of rogues was actually true.

Wouldn't it have been nice if the follow up was how the software provider for these rouge sites withdrew and shut off the site, and how the operators lost their license and were banned from ever operating a casino online again. And even though operating in a third world country all responsible were jailed or warrants for their arrests for corruption.

No.... they were able to show them still operating.

[bernynhel]

...Wouldn't it have been nice if the follow up was how the software provider for these rouge sites withdrew and shut off the site, and how the operators lost their license and were banned from ever operating a casino online again. And even though operating in a third world country all responsible were jailed or warrants for their arrests for corruption...

Yeah. Wouldn't it have been nice. But as long as we wont boycott any casinos using those platforms, no matter how rogue, they'd be nuts to shut any site down. Yeah, sure, there's the rogue and accredited lists to help the buyer to beware. But I, for one, spent plenty of time learning the hard way before I ever heard of CM. And, from the seemingly never ending new threads from noobs who just got burned, ad nauseum, these rogues don't seem to be running short of suckers. Rogued or not.

Now I now that there's some damn good operators running RTG but jeeziz how much better can RTG be than the worst rogues who run their platform if Newton was right and shit rolls downhill? What don't we know and they're not telling us?

Because I'll tell ya...

...There really isn't anyway to tell if were actually getting dealt a fair game each time, but at least if they have there RNG's audited and we have such places such as Casinomeister. We can actually trust a few out there. Even if there bending the laws and saying we can accept US Players....

...audited by who and it's not like the Nevada Gaming Commission that comes around whether the casino wants them to or not to check the fairness of the games like the Department of Weights and Measures checks the accuracy of grocer's scales and gasoline pumps. These auditing companies are businesses supported entirely by the casino operators they're supposed to be auditing. I haven't ever seen an audit that contradicted the RNG claims of the operator. Has anyone? And are you even surprised?

I figure all the games on every site are rigged and I accept that fact as just a different kind of odds I'm out to beat. 19 blackjack hands in a row and I bust by drawing a card that would have given the dealer 21 if I hadn't hit? And the dealer showing an 8,9 or 10 every time? And the next 18 hands the dealer draws 6 for 21? Sure! That can happen! Happens all the time at many casinos... in a parallel universe or The Twilight Zone. But online it's just part of the game, huh?

[gloria460]

That CNBC special was a joke. I expected it to go into more detail about online gambling yada yada but it didn't. I'm also surprised about the number of people that get burned playing rogue casinos then coming here. If I wanted to play at a casino I would do a search of it on google to see what I could find out and most of the time google will lead you right here. To complain after the fact in most cases is a moot point if it's a rogue outfit.

[nisosbar]

Not to veer too far off-topic, but I'm amused that CNBC made the argument that online gambling takes billions of dollars out of the economy - I don't recall exactly if they were around in the early 90's, but if you went back and looked at how they covered NAFTA's introduction to Congress, passage and signature by Bill Clinton, we were told that DESPITE THE PREDICTABLE OUTCOME THAT NAFTA WOULD TAKE BILLIONS FROM THE US ECONOMY AND PUT IT IN CHINA AND INDIA, an open economy is "BETTER" for everybody.

I love how the conservative media outlets like CNBC (or Faux) play from both sides of the deck - when it's an issue that harms the American economy but benefits them individually, it's GOOD FOR AMERICA, but if it's an issue that resonates with the core constituency of the GOP even though it's a petty issue that involves freedom to spend money as LITTLE PEOPLE want to, then it's HELPING THE TERRORISTS WIN/BAD FOR AMERICA/CAUSES ACNE/HAIR WILL GROW IN THE PALM OF YOUR HANDS!!!!!

[4 of a kind]

Like deep throat said

"follow the money"

[skiny]

Personally I'd like to have a little discussion with CNBC about online gambling taking billions out of the economy. We live in an era where global trading is common place. I'm Canadian and I can land in Vegas any day of the week and gamble away my Canadian dollars. It's perfectly legal for me to open a UK website and buy a t-shirt. I can call any member of this forum who happens to live in the US and sell you my car.

(If anyone wants to buy it for slightly more than it's worth let me know.)

Everyday money changes hands from one country to the next whether we gamble it, spend it or invest it. If I invest my money internationally and lose on that investment I've taken money out of the economy yet this is not illegal. In fact if I go to any local bank and buy an RRSP I can pretty much guarantee you that some of that money will be invested abroad.

If I place a 2 dollar wager on T-Rex and win 2000 dollars I've brought money back into the Canadian economy. (Provided I don't start placing 5 dollar wagers on Ronin because we know where that's going to go.)

Just like any international trading, it works both ways and if it was regulated by our governments like any other international trading the government would make money off it somehow. They always do.

[nisosbar]

Yes I will agree there isn't anyway to tell each time we hit the spin button or the new hand button. There really isn't anyway to tell if were actually getting dealt a fair game each time, but at least if they have there RNG's audited and we have such places such as Casinomeister. We can actually trust a few out there. Even if there bending the laws and saying we can accept US Players.
=======
Thank you Casinomeister for at least providing us a place that we can actually trust casinos and there operators. With at least something 3rd party help if we can get it.

Ditto that - P2P word-of-mouth is how ebay got so big - or any other business, for that matter. Nothing wrong with that - just because some people frown on gambling, well, tough - we know when we come here to CM or go to other trusted sites that we get the honest truth and scoop on reputable casinos and rogue ones, too. TY, CM!

[jetset]

Personally I'd like to have a little discussion with CNBC about online gambling taking billions out of the economy. We live in an era where global trading is common place. I'm Canadian and I can land in Vegas any day of the week and gamble away my Canadian dollars. It's perfectly legal for me to open a UK website and buy a t-shirt. I can call any member of this forum who happens to live in the US and sell you my car.

(If anyone wants to buy it for slightly more than it's worth let me know.)

Everyday money changes hands from one country to the next whether we gamble it, spend it or invest it. If I invest my money internationally and lose on that investment I've taken money out of the economy yet this is not illegal. In fact if I go to any local bank and buy an RRSP I can pretty much guarantee you that some of that money will be invested abroad.

If I place a 2 dollar wager on T-Rex and win 2000 dollars I've brought money back into the Canadian economy. (Provided I don't start placing 5 dollar wagers on Ronin because we know where that's going to go.)

Just like any international trading, it works both ways and if it was regulated by our governments like any other international trading the government would make money off it somehow. They always do.

Good post highlighting the hypocrisy and biased reportage that so frequently attends media reports on gambling in general and Internet gambling in particular, Skiny.

When I come across these pieces - and if I have the time - I often try to present an alternative view by commenting on the story or emailing the editor. I'm sufficiently realistic to know that it's not really going to make a much of a difference but it makes me feel better, and the overtly biased nature of so many of these media efforts just burns my ass.